5 Best Liquor Stocks to Buy Right Now

2. Brown-Forman Corporation (NYSE:BF-B)

Number of Hedge Fund Holders: 31

Making it to our list of the best liquor stocks is one of the largest American manufacturers of spirits and wine, namely Brown-Forman Corporation (NYSE:BF-B). It is a Kentucky-based beverage company offering a wide range of liquor brands including Jack Daniel’s, Early Times, Old Forester, Woodford Reserve, and Chambord, among others.

On November 18, it was announced that  Brown-Forman Corporation (NYSE:BF-B) increased its quarterly cash dividend on its Class A and Class B common stock by 5% to $0.1885 per share from the prior quarter’s $0.1795. The quarterly dividend will be paid on December 28 to shareholders on record as of December 3. In addition to that, $480 million will also be paid out on December 29 as a special one-time dividend to stakeholders of record on December 9. 

Brown-Forman Corporation (NYSE:BF-B)’s leading stakeholder as of Q3 2021 is Terry Smith’s Fundsmith LLP, with 14.42 million shares amounting to $966.45 million. Overall, 31 hedge funds were long  Brown-Forman Corporation (NYSE:BF-B) as of September, with total stakes amounting to $1.65 billion.